international relations
- Finance
London mayor calls for equivalence for the City, slams ‘no-deal Brexit’ for finance
London mayor Sadiq Khan will “put pressure on the government” to work with the European Union and deliver a post-Brexit equivalence…
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Biden to ease foreign travel restrictions for fully vaccinated passengers starting in November
WASHINGTON (AP) — The U.S. will ease foreign travel restrictions to the country beginning in November, allowing foreigners in if…
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As Allianz deals with a DOJ probe, asset management head Hunt is in talks to exit
Allianz’s top asset-management executive is in talks to leave the company, according to people familiar with the matter, as it navigates…
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Bank of England says staff costs will rise from bringing EU laws into UK rulebook
The Bank of England will require more staff if the government pushes ahead with plans to transfer EU laws into domestic…
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City minister aims for ‘competitive tax rates’ to keep London booming
The UK’s financial services sector will benefit from “competitive tax rates”, City minister John Glen has said. The reassurances come after a…
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Senate parliamentarian says $3.5 trillion bill can’t include citizenship path for immigrants
WASHINGTON — Democrats can’t use their $3.5 trillion package bolstering social and climate programs to give millions of immigrants a…
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WHO warns lack of COVID-19 vaccine supply in Africa could make it breeding ground for new variants and ‘send the whole world back to square one’
The World Health Organization made another urgent plea to developed nations to make a greater effort to get vaccines against…
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Crypto hackers in US government firing line as new sanctions planned
The Biden administration is preparing an array of actions, including sanctions, to make it harder for hackers to use digital…
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Citigroup bolsters Paris trading floor in post-Brexit battle for talent
Citigroup is expanding its trading hub in Paris, the latest sign of US investment banks stepping up their presence in the French capital…
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Cross-party MPs urge government action over fossil fuel lending as UK banks ‘ignore science’ on climate change
The Bank of England should take action to discourage fossil fuel investments by some of the UK’s largest lenders as part…
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Here’s why the SEC could take aim at stablecoins
The country’s top securities cop is talking tougher on cryptos, especially stablecoins, “staking,” and lending services. Democrats, meanwhile, appear keen…
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Xavier Rolet warns US could cash in as Bailey blasts ‘fragmented’ EU clearing market
Bank of England governor Andrew Bailey warned about the risks of a fragmented clearing market if the EU and UK…
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California recall effort fails: Gov. Gavin Newsom to remain in office
SACRAMENTO, Calif. — California Gov. Gavin Newsom on Tuesday became the second governor in U.S. history to defeat a recall…
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California recall: Why Gov. Gavin Newsom could be removed, who else is running and what you need to know
California Democratic Gov. Gavin Newsom is facing a special recall election that could make him just the third governor in…
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Biden seeks to have 70% of world vaccinated within a year, as unvaccinated Americans continue to account for most COVID cases and deaths
The global tally of confirmed cases of the coronavirus-borne illness COVID-19 surpassed 225 million on Tuesday, as President Joe Biden…
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SEC’s crypto regulation lacks clarity, lawmakers claim, as Gensler hits back at criticism
Securities and Exchange Commission chairman Gary Gensler defended the agency’s approach to enforcing securities laws against companies that deal in…
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House Democrats want tax hikes that are ‘a little less aggressive’ than those proposed by President Biden
Democrats want wealthy Americans and corporations to pay higher taxes in order to help finance a $3.5 trillion budget that…
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FCA set to lift salary freeze as staff push back over pay cuts
The UK’s Financial Conduct Authority is planning to end restrictions on pay rises for its roughly 4,200 employees next year,…
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Biden has ‘big stake’ in California’s recall election, as he campaigns there for Newsom
President Joe Biden delivered a speech on Monday night at a campaign rally for California Gov. Gavin Newsom, aiming to…
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Republicans push unfounded fraud claims before California recall
SACRAMENTO, Calif. — California Republicans were trying to contain a fire of their own making a day before voting ends…
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An Audience With Lord Grimstone: Luring investment post-Brexit is a ‘globally competitive sport’
“I always chuckle when I’m referred to as a City grandee,” Lord Gerry Grimstone says. But if anyone merits the…
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Biden to announce new pandemic steps ahead of U.N. meeting Tuesday, as global COVID-19 case tally nears 225 million
The global tally of confirmed cases of the coronavirus-borne illness COVID-19 climbed closer to 225 million on Monday, with the…
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House Democrats set to propose increase in corporate tax rate to 26.5%
House Democrats expect to propose raising the corporate tax rate to 26.5% from 21% and imposing a 3-percentage-point surtax on…
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City execs fear the loss of their political guide to Brexit in government reshuffle
An assertion from Boris Johnson’s official spokesperson that the prime minister has “no plans” to reshuffle his top posts on…
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Blanchflower: Five middle-aged white guys? So much for diversity at the Bank of England
David Blanchflower, also known as Danny, is the Bruce V. Rauner Professor of Economics at Dartmouth College and part-time professor…
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‘The lady isn’t tapering,’ says Lagarde as ECB slows asset purchases
European Central Bank President Christine Lagarde argued Thursday that a decision to slow the pace of asset buying under the…
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The future of renewable energy is coming. Investors must be ready.
In recent decades, the cost of wind and solar power generation has dropped dramatically. This is one reason that the…
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Biden administration set to sue Texas over new abortion law
WASHINGTON — The Biden administration is preparing to sue Texas over its new law banning most abortions, people familiar with…
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CDC warns Americans against traveling to Jamaica, Sri Lanka in latest COVID-19 guidance
Two more popular island getaways have been added to the COVID-19 travel advisory list. Jamaica and Sri Lanka are the…
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Environmental groups urge postponement of key Glasgow climate talks, citing COVID limitations
A coalition of environmental groups on Tuesday called for this year’s climate summit to be postponed, arguing that too little…
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Richmond’s Robert E. Lee statue to be removed Wednesday
RICHMOND, Va. (AP) — A towering statue of Confederate Gen. Robert E. Lee in Richmond, Virginia, will be taken down…
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Fauci says mu variant isn’t an ‘immediate threat’ to U.S. as delta remains dominant coronavirus strain
The new “variant of concern” of the coronavirus that causes COVID-19 added to the list being monitored by the World…
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Trading Places: Another Goldman banker at BoE, plus moves at Schroders, Baillie Gifford, IoD
Andy Haldane’s era as the Bank of England’s chief economist has officially come to an end, as Threadneedle Street appointed…
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Nikkei climbs as PM Suga set to depart, with other markets steady ahead of U.S. jobs data
BEIJING — Asian stock markets rose Friday as investors awaited U.S. hiring data some appear to hope will be weak…
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Republican Liz Cheney gets No. 2 spot on House select committee probing pro-Trump Capitol siege
WASHINGTON (AP) — Select Committee Chairman Bennie Thompson of Mississippi has promoted Republican Rep. Liz Cheney to vice chairwoman of…
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Olaf Scholz is now the betting market favorite to succeed Angela Merkel
There’s a new front-runner in the race to lead Germany after Angela Merkel — Olaf Scholz, of the center-left SPD…
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COVID-19 booster shots are more complicated than they appear. Here’s why
Not everyone agrees that COVID-19 booster shots are necessary for all vaccinated Americans, and that discord may slow down plans…
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Has Brexit really battered the City?
Remember all the outrage about the government prioritising “fish over finance” in the Brexit trade negotiations? Towards the end of…
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Vaccine hesitancy falls to lowest level since start of coronavirus pandemic in new poll, but more Americans still need to be persuaded
Fewer American adults than ever say they will not get vaccinated against the coronavirus that causes COVID-19, and more than…
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Social Security to become unable to pay full benefits sooner than previously estimated
Social Security’s trust funds will become unable to pay full benefits starting in 2034, one year earlier than estimated last…
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U.S. Education Department opens civil-rights probe of school face-mask bans in latest clash between Republican governors and Biden administration
The U.S. Education Department has opened civil-rights investigations of five states that have banned school districts from mandating face masks…
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FCA warns firms on Afghanistan terror financing and money laundering risks
The FCA has told financial services firms to be on guard against the risks of money laundering or terror financing…
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Climate Change to Be Treated as Public-Health Issue
The Department of Health and Human Services has launched an office that will treat climate change as a public-health issue,…
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White House says U.S. retains capacity to evacuate remaining Americans in Afghanistan
WASHINGTON (AP) — The U.S. military flew more desperate evacuees out of the Afghan capital on Monday in the waning…
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Dow CEO Warns of Price Tag on Clean-Energy Plans
Dow Inc. Chief Executive Jim Fitterling wants to know how Congress plans to pay for a proposed move to zero-carbon…
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Mounting workloads and staff struggles: Can the FCA keep up?
Experts are questioning whether the Financial Conduct Authority can keep up with its mounting workload, as doubts swirl over whether the…
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Supreme Court blocks pandemic ban, allows evictions to resume nationwide
WASHINGTON — The Supreme Court’s conservative majority is allowing evictions to resume across the United States, blocking the Biden administration…
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Twin suicide bombings outside Kabul airport kill 13 and leave 15 wounded
KABUL, Afghanistan (AP) — Two suicide bombers and gunmen targeted crowds massing near the Kabul airport Thursday, in the waning…
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House advances measure on Biden’s spending plans in 220-212 vote
The Democratic-run House on Tuesday advanced a key measure tied to President Joe Biden’s big spending plans in a 220-212…
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Operator of bitcoin ‘mixer’ enters guilty plea
An operator of a bitcoin “mixer” has pleaded guilty to conspiracy to launder money, the US Justice Department said. Larry…
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